Glad to know I'm not the only one pondering what to call this new-fangled cooking thing going on, but here's one I think I'll pass on: "ORGASMIC" ("ORganoleptics, Gastronomy, Art, & Science Meet In Cuisine"). I mean, I'm a big fan your spherified such-and-such and so on, but there's really only such much you can accomplish with hydrocolloids. For some things, you have to stick with traditional fare like Katz's Delicatessen (and she didn't even have the corned beef).
For more reactions, look here, or here, or here (everyone's jumping on the bandwagon!); but here's a heartfelt counterpoint.
Edited to add: let it be noted that this new proposed name has always been inherent in the original: